55 Pa. Code § 183.64 - Income averaging

(a) Income of an individual under a contract of employment is prorated over the period of the contract if the contract provides for the payment of income in fewer months than the number of months covered by the contract.

(b) If the amount payable under the contract changes during the period over which the income has been averaged, income averaging is reassessed.

(c) Intermittent income which is received on a quarterly, semi-annual, or yearly basis is prorated by the period covered by the income and adjusted over that period beginning with the month of receipt.

Notes

55 Pa. Code § 183.64

The provisions of this § 183.64 adopted August 4, 1977, effective 8/5/1977, 7 Pa.B. 2180; amended February 10, 1978, effective 3/13/1978, 8 Pa.B. 374; amended February 9, 1979, effective 3/12/1979, 9 Pa.B. 505; amended February 8, 1980, effective 12/11/1979, 10 Pa.B. 699; amended July 11, 1980, effective 9/10/1980, 10 Pa.B. 2981; amended September 24, 1982, effective 9/25/1982, 12 Pa.B. 3410; amended April 8, 1983, effective 4/9/1983, 13 Pa.B. 1259; amended August 26, 1988, effective 11/1/1988, 18 Pa.B. 3921.

This section cited in 55 Pa. Code § 125.74 (relating to procedures); 55 Pa. Code § 145.64 (relating to procedures); 55 Pa. Code § 183.63 (relating to contractual or intermittent income); 55 Pa. Code § 183.901 (relating to putative father/voluntary child support-statement of policy); and 55 Pa. Code § 187.74 (relating to procedures).